The Arizona sentinel., 1887-09-17
Articles Ot lnGOY1Or alton
Of the South Gila Development Oompan,

| lAbO4 OA @1AASD4iHs
 | The business and enterprise in which this corporation proposes to engage in shall be, to acquire by purchase. location, or in any other lawful manner real estate, land and all other kind of property, real, personal or mixed, and to improve and sell the same; to | borrow or loan money and receive mort sages upon lands, and to carry on the busi- ness of Banking in all it's branches; to buy and sell merchandise, and conduct and car " on a mercantile business in all it's branch es; to acquire water by location or purchase and construct and maintain dams, canals, ditches, pipes and reservoirs for conducting and distributing the same; to construct buildings and warehouses, and hold, occu- | py, buy and sell the same; to construct | roads and maintain the same; to erect. Ope- rate and maintain telephone and telegraph lines; to mortgage, hyPothecate or pledge any of the property of this corporation; to do and transact any and all kinds of busi- ness which may be transacted by a natural ! person.
 III. The amount of the capital stock of this corporation shall be two million (S2, GOO, O0O) dollars, divided into twenty thousand 20, | 000l shares at the par value of one hundred | (Sl00) dollars per share, and the same shall be non -assessable. and the said capital stock | shall be paid in at th. times and under the conditions ordered and authorized by the Board of Directors of this corporation.
 ". The time of the commencement of this corporation shall be the day of the nling of | A ,oIo ,,, of {bo of the County of Yuma, Territory of Ari- zona, and shall terminate fifty (50) years thereafter.
 The highest amount of indebtedness or liability, direct or contingent, to which this corporation is at any time to be subject, is the sum of One Hundred Thousand (Sl00.- 000) Dollars.
 The highest amount of indebtedness or liability to which thIs corporation is at any time to subject itself is the sum of One Hun dred Thousand CSlOO, O,OO0) Dollars.
 VII,
 The affairs of this corporation shall be conducted by Board of Directors compos- ed of five (5l persons who shall be elected annually by the stockholders, and shall hold office for one year and until their successors are elected and qualified. The time and manner of said election shall be provided for in the Bylaws of said corporation. Said Directors shall be subscribers to the capital stock of said corporation and no per son shall be eligible to said office unless he hea stoc&holder Ill the corporation, and any person ceasing to be a subscriber shall cease to be Director, and hereafter if any Di- rector shall cease to be a stOckholder he shall cease to be Directsr.
 The Board of Directors of this corporation shall have power to establish Bylaws and make all rules and regulations necessary for the management of the affairs of this corpo- ration, and the officers thereof.
 The following named persons. who are subscribers to the capital stock Of corpora tion, shall constitute it's Board of Directors until the 20th day of July, 1888, and until their successors are duly elected and quail fed, to wit: Robert NcPherson, w. F. Pope, O. F. Thornton, G. w. Cameron, and G. w. Mauk.
 The stockholders and their private pro- perty shall be exempt from the corporate debts of this corporation.
 In Witness Whereof we have hereunto set our hands and seals this 20th day of July, 1887. Executed in triplicate.
 (Signed) ROBERT MCPHERSON. l.. &
 w. E. POPE. L. s.
 OF. THORNTON. L.S. Territory of Arizoua,
 County of NToricOpa
 Before me, c. w. Ingalls,, Notary Pub lie in and for the County of Maricopa, Ter ritoly of Arizona, personally appeared Rob ert McPherson, w. E. Pope and o. F. Thornton, known t9 me to be the persons whose names are subscribed to the foregoing instrument, and each of them acknowledged to me that he executed the same and fer the purpose and consideration therein ex- pressed.
 Given under my hand and seal of office this 2Oth day of July, A. D. 1887.
 (Signed.) G. w. INGALLS,, [Notarial Seal.I Notary Public. Territory of Arizona,
 County of Yuma.
 I, Joseph J. Stein, County Recorder of Yuma County. Arizona Territory, do hereby certify that l filed in the records of my of- fee. on the twenty second day of July, A. D. 1887, the articles of incorporation of the South Gila Development Company.
 n witness whereof I have here TL.S unto set my hand and affixed my
 official seal, the day and year in this certificate first above written.
 JOS. !. STEIN,
 County Recorder.